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Middle East & Africa travel retail market to nearly double to $15.59B by 2031, driven by tourism and tech adoption.

Market News
07 Apr 2026
Researchandmarkets.Com
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Bullish
pluang ai news

The Middle East and Africa travel retail market is projected to grow from $8.24 billion in 2026 to $15.59 billion by 2031, at a CAGR of 13.61%. This growth is fueled by strong tourism policies, major airport expansions, and the rapid adoption of mobile wallets, which boost leisure travel and e-commerce sales. Duty-free benefits, VAT refunds, and the African Continental Free Trade Area (AfCFTA) support business travel, while digital retail innovations and product diversification help sustain growth despite political instability in some African regions. Key players include Dufry AG, Lagardere Travel Retail, Dubai Duty Free, and Qatar Duty Free.

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